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Bridge Loans

King James Lending - Bridge Loans Funding - Lender In Seabrook, Texas - Houston, Texas

Bridge Loans for Real Estate Investors in Texas

Real Estate Investing with Fast Hard Money

A Bridge Loan allows you quick access to financing for purchasing properties before the sale of a currently owned property. This is also sometimes called a swing loan, gap loan, or gap financing. Access to fast funding provides an advantage to real estate investors, like you, to buy properties at a discount from the seller in exchange for the convenience and speed of the transaction. Bridge loans leverage your existing equity so you can seamlessly purchase and sell without missing an opportunity for an investment property.

How a Bridge Loan Can Help You Buy Your Next House

Easy Home Buying with a Private Lender

Another common home buying solution is to use a bridge loan to purchase your new home, before the sale of your current one. This type of short-term loan is best for areas where homes sell quickly, especially markets where multiple offers often compete. Bridge loans help you avoid making a contingent offer, which will be less appealing than offers from buyers who already have funds.

How do Real Estate Bridge Loans work?

Buying a New House Before Selling Yours

There are generally two ways that bridge loans are used. One way is as a way to pay off your current mortgage, putting any excess toward your new down payment. Another is to use your current equity to take a second mortgage to be used for your new down payment.

1. Mortgage Payoff

Payoff existing mortgage, use remaining balance.

For example, let’s say the current property value is $200k and $125k is still owed on the mortgage. A bridge loan for 80% of its value ($160k) would pay off the balance with $35k left over. After closing costs and fees (~$5k) the remaining balance of $30k is free to be used for a new down payment.

THE MATH
Bridge Loan Mortgage Payoff Math

2. Second Mortgage

Use existing equity, second mortgage.

In a similar example, let’s say the current value of the property is $200k and $125k is still owed on the mortgage. The existing equity is $75k. A bridge loan for 80% of the equity would provide $60k towards the new down payment.

THE MATH
Bridge Loan Second Mortgage Math

Just a few details to get your deal funded!

Bridge Loan Application

To apply for a Bridge Loan, simply fill out the form below. A representative will contact you ASAP!
  • Contact Information

    Provide your contact information below and how you would like to be contacted.
  • Please provide us with your home address.
  • Please select all that apply.
  • Experience

    Tell us more about yourself and your experience as a real estate investor.
  • How much liquid assets (cash) or equity do you currently have as security for your investment project and financing?
  • What are the property types you have invested in and/or flipped?
  • Tell us more about your experience as a real estate investor. You can also share your investment goals and plans for future projects, or share any other relevant information below.
  • Hidden
    Please tell us what type of short-term loan you need.
  • Hidden
  • Investment Property Details

    Provide the details about your investment property or new purchase property.
  • What is your purchase price for the property?
  • What is the estimated After Repair Value?
  • What is the estimated cost of repairs?
  • What is your required loan amount?
  • When do you expect to close or start on this project?
    MM slash DD slash YYYY
  • When do you expect to complete this project?
    MM slash DD slash YYYY
  • Use this space to provide more details about your situation. Why do you need a Bridge Loan? Is the new property an investment property or are you purchasing a new home?
  • This field is for validation purposes and should be left unchanged.

Just a few details to get your deal funded!

Transactional Funding Application

To apply for Transactional Funding, simply fill out the form below. A representative will contact you ASAP!
  • Contact Information

    Provide your contact information below and how you would like to be contacted.
  • Please provide us with your home address.
  • Please select all that apply.
  • Experience

    Tell us more about yourself and your experience as a real estate investor. If you are a Wholesaler, let us know about your experience.
  • What are the property types you have invested in and/or wholesaled?
  • Tell us more about your experience as a real estate investor or wholesaler. You can also share your investment goals and plans for future projects, or share any other relevant information below.
  • Hidden
    Please tell us what type of short-term loan you need.
  • Hidden
  • Investment Property Details

    Provide the details about your investment property for this transaction.
  • What is your purchase price for the property?
  • What is the sales price of the property?
  • How much of your own money are you using?
  • What is your required loan amount?
  • When do you expect to close?
    MM slash DD slash YYYY
  • Use this space to provide more details about your situation. Why do you need a Transactional Funding?
  • This field is for validation purposes and should be left unchanged.

Just a few details to get your deal funded!

Cash Out Refinance Application

To apply for Cash Out Refinance, simply fill out the form below. A representative will contact you ASAP!
  • Contact Information

    Provide your contact information below and how you would like to be contacted.
  • Please provide us with your home address.
  • Please select all that apply.
  • Experience

    Tell us more about yourself and your experience as a real estate investor.
  • How much liquid assets (cash) or equity do you currently have as security for your investment project and financing?
  • What are the property types you have invested in and/or flipped?
  • Tell us more about your experience as a real estate investor. You can also share your investment goals and plans for future projects, or share any other relevant information below.
  • Hidden
    Please tell us what type of short-term loan you need.
  • Hidden
  • Investment Property Details

    Provide the details about your investment property or new purchase property.
  • What is your purchase price for the property?
  • What is the estimated After Repair Value?
  • What is the estimated cost of repairs?
  • What is your required loan amount?
  • When do you expect to close or start on this project?
    MM slash DD slash YYYY
  • When do you expect to complete this project?
    MM slash DD slash YYYY
  • Use this space to provide more details about your situation. Why do you need Cash Out Refinancing?
  • This field is for validation purposes and should be left unchanged.

Just a few details to get your deal funded!

Fix and Flip Loan Application

To apply for a Fix & Flip Loan, simply fill out the form below. A representative will contact you ASAP!
  • Contact Information

    Provide your contact information below and how you would like to be contacted.
  • Please provide us with your home address.
  • Please select all that apply.
  • Experience

    Tell us more about yourself and your experience as a real estate investor.
  • How much liquid assets (cash) or equity do you currently have as security for your investment project and financing?
  • What are the property types you have invested in and/or flipped?
  • Tell us more about your experience as a real estate investor. You can also share your investment goals and plans for future projects, or share any other relevant information below.
  • Hidden
    Please tell us what type of short-term loan you need.
  • Hidden
  • Investment Property Details

    Provide the details about your investment property.
  • What is your purchase price for the property?
  • What is the estimated After Repair Value?
  • What is the estimated cost of repairs?
  • What is your required loan amount?
  • When do you expect to close or start on this project?
    MM slash DD slash YYYY
  • When do you expect to complete this project?
    MM slash DD slash YYYY
  • Use this space to provide more details about your investment project, such as the repairs needed, your plans to make improvements, or the advantages/opportunities involved with this property. You can also tell us any other details that may be relevant to your project.
  • This field is for validation purposes and should be left unchanged.

Just a few details to get your deal funded!

Request Funding

  • Please provide us with your home address.
  • Please tell us what type of short-term loan you need.
  • If you are requesting a Bridge or Refi/Cash-Out loan, we need to know your exit strategy. Example: To refi out of your short-term loan and into a long-term loan.
  • Please provide the address of the investment property.
  • How much cash (liquid assets) or equity do you currently have as security for your investment project?
  • What is the estimated After Repair Value of the investment property?
  • What is the estimated cost of repairs?
  • How much do you need to finance?
  • What is your expected start date?
    MM slash DD slash YYYY
  • What is your expected finish date? When do you expect to have repairs completed?
    MM slash DD slash YYYY
  • Please give us some more information about your project or situation